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REGISTERED NUMBER: 00787046 (England and Wales)













Financial Statements

for the Year Ended 31 July 2023

for

J.Bradshaw & Sons Limited

J.Bradshaw & Sons Limited (Registered number: 00787046)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


J.Bradshaw & Sons Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: Mr T C Bradshaw



SECRETARY: Mr K B Garner



REGISTERED OFFICE: Sturton by Stow
LINCOLN
Lincolnshire
LN1 2BX



REGISTERED NUMBER: 00787046 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Lloyds Bank Plc
202 High Street
LINCOLN
LN5 7AP

J.Bradshaw & Sons Limited (Registered number: 00787046)

Abridged Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,324 -
Tangible assets 5 1,494,800 1,324,078
1,501,124 1,324,078

CURRENT ASSETS
Stocks 69,576 62,945
Debtors 899,556 683,499
Cash at bank and in hand 131,447 149,901
1,100,579 896,345
CREDITORS
Amounts falling due within one year 634,198 301,313
NET CURRENT ASSETS 466,381 595,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,967,505

1,919,110

CREDITORS
Amounts falling due after more than
one year

(302,462

)

(38,792

)

PROVISIONS FOR LIABILITIES - (45,360 )
NET ASSETS 1,665,043 1,834,958

J.Bradshaw & Sons Limited (Registered number: 00787046)

Abridged Balance Sheet - continued
31 July 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8,750 8,750
Retained earnings 1,656,293 1,826,208
SHAREHOLDERS' FUNDS 1,665,043 1,834,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





Mr T C Bradshaw - Director


J.Bradshaw & Sons Limited (Registered number: 00787046)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

J.Bradshaw & Sons Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 15% on reducing balance
Plant and machinery - 33% on cost, 30% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

Motor vehicles - Various rates which consider the age of the vehicle when purchased and an estimated residual value. Depreciation is phased to account for strong values in three years after purchase with a forecast period of seven years ownership.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

J.Bradshaw & Sons Limited (Registered number: 00787046)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at the present value of future payments, discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J.Bradshaw & Sons Limited (Registered number: 00787046)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 6,600
At 31 July 2023 6,600
AMORTISATION
Amortisation for year 276
At 31 July 2023 276
NET BOOK VALUE

At 31 July 2023 6,324

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 4,195,201
Additions 510,225
Disposals (414,314 )
At 31 July 2023 4,291,112
DEPRECIATION
At 1 August 2022 2,871,123
Charge for year 317,111
Eliminated on disposal (391,922 )
At 31 July 2023 2,796,312
NET BOOK VALUE
At 31 July 2023 1,494,800
At 31 July 2022 1,324,078

J.Bradshaw & Sons Limited (Registered number: 00787046)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2022 95,000
Additions 418,000
At 31 July 2023 513,000
DEPRECIATION
At 1 August 2022 5,986
Charge for year 32,337
At 31 July 2023 38,323
NET BOOK VALUE
At 31 July 2023 474,677
At 31 July 2022 89,014

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 542,565 83,103

The borrowings are secured on the assets to which they relate.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr T C Bradshaw
Balance outstanding at start of year - -
Amounts advanced 80,804 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,804 -

J.Bradshaw & Sons Limited (Registered number: 00787046)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The maximum balance outstanding during the year was £130,010 (2022: £0). The loan is unsecured and interest is charged on the overdrawn balance at a rate of 2.25%.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.